Solar panels to be produced in Armenia

The first solar panels will be produced in Armenia in the coming future. An industrial enterprise will be created which claims to be unique in our region. The Information and Public Relations Department of the Armenian Ministry of Energy Infrastructures and Natural Resources told Panorama.am about this.

As Deputy Minister of the RA Energy Infrastructures and Natural Resources Hayk Harutyunyan noted, the production of solar panels in Armenia will launch in the third quarter of this year. For this purpose 315 million AMD investment will be made in the initial state within which more than 50 jobs will be created.

In the initial period the company intends to supply solar panels to the domestic market, later on they will also be exported to the regional and other states.

The ministry notes that for the purpose of the solar panel production the Government decided to lift taxes from PROFPANEL LLC for the import of technical equipment, their components and other parts, as well as for the import of the raw and other materials during its session held on February 23.